The Reserve Bank of India has made it easier for property developers to access foreign money in an effort to spur low-cost housing projects, such as slum rehabilitation. The RBI has extended the limit of $1 billion that can be borrowed through the external commercial borrowing (ECB) scheme to the 2014-2015 financial year from this year. #Low-Cost Housing#PolicyWatch#ECB#Real estate

Five years ago, the Delhi government completed the construction of 14,000 houses meant for the economically weaker sections of the society. Today, the flats are still empty and show signs of wear and tear without any power or water supply facility in the complex. #CAG#New Delhi#NumberCrunching#Low-Cost Housing#Real estate#EWS#s